Mumbai, May 20 -- The key equity benchmarks traded with moderate losses in morning trade weak global cues. Investor sentiment remained under pressure as the rupee weakened further amid uncertainty in West Asia. Persistent inflation concerns also impacted market sentiment. Nifty traded below the 23,550 level.

Media shares witnessed profit booking after advancing in the past trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 407.20 points or 0.54% to 74,799.96 The Nifty 50 index fell 110.90 points or 0.47% to 23,507.50.

In the broader market, the BSE 150 MidCap Index shed 0.43% and the BSE 250 SmallCap Index dropped 0.55%.

The market breadth was weak. On the BSE, 1,136 shares rose and 1,806 shares fell. A to...